SANTA ANA, Calif., April 10 /PRNewswire/ -- Grubb & Ellis Healthcare REIT, Inc. today announced the promotion of Danny Prosky to Executive Vice President of Acquisitions. Prosky had served as Vice President of Acquisitions since the inception of the REIT's initial public offering in September 2006.
Prosky is responsible for the acquisition, management and potential disposition of healthcare-related real estate assets for Grubb & Ellis Healthcare REIT. He has played a key role in building the existing portfolio of the REIT, which has acquired 27 geographically diverse properties for a total of $513 million as of April 4, 2008.
"Danny Prosky is a talented real estate professional with tremendous depth of experience and long-standing relationships in the healthcare sector that have helped us build a diverse portfolio of healthcare-related properties," said Grubb & Ellis Healthcare REIT Chief Executive Officer Scott D. Peters. "His expertise has allowed us to establish the REIT as an attractive investment option for thousands of individual investors and tens of thousands of registered representatives. As our equity raise continues to accelerate, Grubb & Ellis Healthcare REIT will rely even more heavily upon Danny as we rapidly expand our presence and acquire investment-grade healthcare properties throughout the United States."
Throughout his 16-year career, Prosky has been responsible for the acquisition of more than 10 million square feet of healthcare-related real estate. In 2007, Prosky was named co-chair of the Medical Office Building and Healthcare Facilities Conference Planning Committee of the Building Owners and Managers Association International. He had previously served as vice chair of the committee since 2005.
Grubb & Ellis Healthcare REIT offers a monthly distribution of 7.25
percent per annum and has sold approximately 26.8 million shares of its
common stock, excluding the shares issued under its distribution
|SOURCE Grubb & Ellis Healthcare REIT, Inc.|
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